Turkish central bank to keep interest rates on hold after lira sell-off

in hive-116221 •  4 years ago 

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Turkey's central bank will keep interest rates steady this week in the first meeting of its Monetary Policy Committee since President Recep Tayyip Erdoğan sacked and replaced its governor.

The bank will keep its benchmark rate unchanged at 19 percent, according to 17 of 19 economists surveyed by Reuters. One predicted a 50-basis points reduction to 18.5 percent, while another said rates would decline to 17 percent, Reuters said on Monday.


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